Global Oral Anticoagulant Market: Overview
Oral anticoagulants have been used by clinicians in patients with thrombotic conditions, most notably in stroke prevention in AF. A growing numbers of direct oral anticoagulants unveiled for clinical use has kept the oral anticoagulants market lucrative for developers of such agents. A growing body of studies, including randomized clinical trials, have focused on evaluating their efficacy and effectiveness vis-à-vis vitamin K antagonists. Recent introduction of non-vitamin-K-dependent oral anticoagulants has also helped propel the new evolutionary trajectories of the oral anticoagulants market. Key indications where the market has earned revenues include atrial fibrillation and venous thromboembolism. However, there is lack of sufficient data pertaining to pharmacokinetics and pharmacodynamics, resulting in a weak evidence base.
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The study on the oral anticoagulants market sheds light on above trends and offers trends that will drive their clinical adoption in managing various types of patients. It takes a closer look at the entire development pathways over the last few decades. The assessment also sheds light on the major studies that have focused on evaluating new ways of administration to increase effectiveness.
Global Oral Anticoagulant Market: Key Trends
The growing clinical demand for oral anticoagulants in atrial fibrillation and venous thromboembolism is boosting the market prospects, especially cardiac arrhythmia. Worldwide, the prevalence of cardiac arrhythmia especially in adult populations is bolstering the prospects in the oral anticoagulant market. Oral anticoagulation therapy has gained clinical popularity over the years in preventing the large proportion of ischemic strokes in worldwide patients suffering with atrial fibrillation. Their role in extending life has reinforced the demand potential in the oral anticoagulant market.
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In recent years, they have come under the scanner due to patient-specific comorbid factors. This is usually noticed in patients treated with warfarin. A number of studies have seen bleeding risk, leading to hospitalization. In recent years, new array of products in the oral anticoagulant market seems to have better efficacy; still, their use is not widespread. Significant risks have been observed in cancer patients. A case in point is large retrospective studies in recent years. On the other hand, growing patients with deep vein thrombosis is a key trend that has positive impact the growth prospects in the oral anticoagulant market. Relentless research in newer oral anticoagulants will take into account safety issues. The growing number of target-specific oral anticoagulants is unlocking new avenues in the oral anticoagulant market.
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Global Oral Anticoagulant Market: Geographical Analysis
North America, Western Europe, Latin America, Eastern Europe, the Middle East and Africa, and Asia Pacific are bolstering the prospects in the oral anticoagulant market. Rise in number of laboratory developed tests will spur new prospects in the oral anticoagulant market. Growing studies on the anticoagulation safety are opening new avenues in the regional market. On the other hand, Asia Pacific has been expanding at a striking pace over the past few years. The growing acceptance of anticoagulant therapy in medical and surgical units has spurred prospects of the regional market. Further, the growing cardiovascular risks is a key trend that has fueled revenues in the regional market.
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Global Oral Anticoagulant Market: Competitive Scenario
The presence of several players renders the oral anticoagulant market increasingly competitive. Several companies aspiring to hold a big stake in the market are leveraging the potential of newer array of oral anticoagulants. Top companies in the oral anticoagulants market include Bristol-Myers Squibb Company, Boehringer Ingelheim International GmbH., Johnson & Johnson Services, Inc., and Sanofi. Other key players are Pfizer Inc., Cosmo Pharmaceuticals, AstraZeneca, Innovation, Bayer AG, Eisai Co., Ltd., and GlaxoSmithKline plc.